BDO research reveals fraud climbing steeplyResearch from BDO shows that the value of fraud in the first six months of the year has risen to just over £1bn, the first time it has reached that level since regular reports were launched by the firm seven years ago.
Simon Bevan, head of fraud services at BDO, said the recession was seeing a rise in "revenue dilution fraud" where managers set up companies within companies or divert lucrative contracts away from their own companies to third parties.
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